Question 1

Under PM-KISAN (Pradhan Mantri Kisan Samman Nidhi), how much financial benefit is provided to eligible farmer families per year?

Accepted Answer

₹6,000. PM-KISAN provides an annual income support of ₹6,000 to eligible small and marginal farmer families. This amount is disbursed in three equal installments of ₹2,000 each every four months. The scheme was launched on February 24, 2019, by Prime Minister Narendra Modi from Gorakhpur, Uttar Pradesh.

Question 2

In how many installments is the PM-KISAN annual benefit of ₹6,000 distributed to farmers?

Accepted Answer

Three installments of ₹2,000 each. The ₹6,000 annual benefit under PM-KISAN is disbursed in three equal installments of ₹2,000 each. Each installment is released every four months, covering the periods April–July, August–November, and December–March. The amount is directly transferred to the bank accounts of beneficiaries through the Direct Benefit Transfer (DBT) mechanism.

Question 3

When was the PM-KISAN scheme officially launched?

Accepted Answer

February 24, 2019. PM-KISAN was officially launched on February 24, 2019, by Prime Minister Narendra Modi at a public event in Gorakhpur, Uttar Pradesh. The scheme was introduced to supplement the financial needs of small and marginal farmers across India. However, the scheme was announced in the Interim Budget 2019 and was effective from December 1, 2018.

Question 4

Which ministry is responsible for the implementation of PM-KISAN scheme?

Accepted Answer

Ministry of Agriculture and Farmers' Welfare. The PM-KISAN scheme is implemented by the Ministry of Agriculture and Farmers' Welfare, Government of India. The ministry oversees the registration of beneficiaries, verification of eligibility, and release of funds to farmers. State and UT governments also play a crucial role in identifying and verifying eligible farmer families.

Question 5

What does MSP stand for in the context of Indian agricultural policy?

Accepted Answer

Minimum Support Price. MSP stands for Minimum Support Price, which is the price set by the Government of India to protect farmers against excessive price falls during bumper production years. It acts as a price floor below which the government is committed to purchase crops from farmers. The MSP is announced before the sowing season to encourage farmers to produce certain crops.

Agricultural Schemes & PM Kisan — Set 1